Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Vakil

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

NB Distressed Debt Investment Fund Limited

b)

LEI

YRFO7WKOU3V511VFX790

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

New Global Shares (NBDG - £)

NBDG

b)

Nature of the transaction

Capital Distribution - Compulsory redemption of shares

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

2,100 NBDG deduction

£1,420.02 NBDG (cash values)

e)

Date of the transaction

17 May 2023

f)

Place of the transaction

London